From 20 Aug 2018 to 24 Aug 2018    Workshops Package "Bank Management : Key Operational Aspects" Credit Assessment and Cash Flow Analysis    in Vietnam : place to be defined by organising counterpart / Vietnam

AML - CTF Advanced Level and Preparation to the Certified AML - CAMSŪ️ Certification

in cooperation with ACAMS and the House of Training Quality Circle "Anti-Money Laundering"

The Association of Certified Anti-Money Laundering Specialists® (ACAMS®) is the premier organization for anti-money laundering (AML) professionals and the provider of the Certified Anti-Money Laundering Specialist® (CAMS®) credential – a respected certification in the industry.

Objective

The training course covers the following points:

  • Important AML related parties
  • Money laundering strategies, methods and techniques
  • Money laundering practices
  • AML best practices in leading Luxembourg banks (procedures and supporting tools).

The main aim of the course is to prepare the participants for the CAMS certification examination and provides the participants with 6 ACAMS credits. A one-year ACAMS membership is also included in the programme for participants who take the exam.

Target group

The course targets senior AML and compliance officers working in commercial and central banks as well as other financial institutions, supervision authorities employees dealing with these matters at supervisory level. The participants are willing to sit the CAMS® Exam.

A strong level of English is required.

Knowledge assessment

At the end of the course each participant takes an internet-based CAMS® Exam. The CAMS® certification examination rigorously tests for aptitude and expertise in anti-money laundering detection and enforcement. Each person who passes the examination becomes a Certified Anti-Money Laundering Specialist® (CAMS®), a designation that is recognized by financial institutions and governments throughout the world.

Location & duration

in Luxembourg: 5,5 seminar days, CAMS® exam included - available in English and in French

Detailed programme Explode

PART I

1. Risks of Money Laundering and Terrorism Financing

  • The economic and social consequences of Money Laundering
    • Global impact, macro-economic consequences
    • For the financial institution
    • For the country
    • For the employee

2. Money Laundering / Terrorism Financing

  • Money laundering
    • Definition & three stages cycles
  • Terrorist financing
    • Definition & differences and similarities with ML 
    •  
  • Laws, regulations
    • EU directives - Main focus on the 4th EU ML directive and its impact on Financial Institutions
    • Egmont Group
    • Local laws and regulation (Luxembourg)

4. Methods of Money Laundering and Terrorism Financing

  • Money Laundering Methods:
    • Banks and other Depositary Institutions
    • Financial Institutions
    • Insurances
    • Non-financial Business and other professions
    • IT industry
  • Terrorist financing methods
    • Hawala, non-profit organizations

5. Due Diligence

  • KYC principle

6. AML Policies, Programs and Procedures

  • Internal control
  • Compliance
  • Learning programs

7. Investigations

  • From an internal perspective
  • From a law enforcement perspective

8. Practical aspects

  • Case studies

9. The role of AML staff

10. Reporting Requirements

11. SAR Reporting

12. The Criminals Approach to Due Diligence

13. Fraud Trends and Typologies

14. Proliferation of Shell Companies

15. Beneficial Ownership

16.  Investigative Techniques and Sources

17. How to run an AML Risk Assessment

 

PART II

All the content will be detailed and studied in the context of the exam questions.

1. Money Laundering Risks and Methods

  • What is money laundering: definition, knowledge criteria, three stages, effects
  • Money laundering methods through banks: electronic transfers, correspondent   
  • banking, payable through accounts, private banking, lending, credit unions
  • Trade price manipulation, Black Market Peso Exchange (BMPE), Hawala
  • Other money laundering methods: MSBs, credit/debit cards, cash & prepaid
  • cards, corporate vehicles, gatekeepers, real estate, casinos, securities, insurance
  • Terrorism vs. other criminal acts
  • Sample Exam questions and Q&A
  • International AML Standards
  • FATF: goals, membership, revised 40 Recommendations, other FATF initiatives
  • Regional FATF bodies: APG, CFATF, GAFISUD, MENA
  • Basel Committee: Customer Due Diligence (CDD) & Consolidated KYC
  • Wolfsberg Group: correspondent & private banking principles, beneficial Owner
  • 4th EU Directive
  • United States laws
  • Sample Exam questions and Q&A

2. Anti-Money Laundering Programs

  • Assessing risk: businesses, products
  • AML Programs: basic elements
  • Know Your Customer (KYC) program
  • Know Your Employee (KYE)
  • Suspicious activity red flags
  • Automated AML solutions
  • Sample Exam questions and Q&A
  • Conducting and Supporting Investigations
  • Cooperation between financial institutions and law enforcement agencies
  • Conducting internal investigations
  • Cooperation between countries: MLAT, FIU, FATF 40 Recommendations
  • Setting up a Financial Intelligence Unit (FIU)
  • Sample Exam questions and Q&A

 

Wrap up, Exam Taking Techniques and Questions & Answers

  • The Role of Compliance from a law enforcement perspective
    • Obligations of regulated entities and of law enforcement
    • Why law enforcement need your information and co-operation
    • Different methods of information sharing
    • Why effective Customer Due Diligence is so important
  • Basics of Financial Investigation
    • Intelligence
    • Evidence

Case Studies

  • Crime
    • Laundering the proceeds of drug trafficking 1
    • Laundering the proceeds of drug trafficking 2
  • Terrorism
    • Terrorist Investigation – London Bombing
    • Terrorist Investigation – Operation Optimise
    • Evolving Terrorist Finance Typologies

Questions & Wrap Up

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